LEVEL I - BUSINESS BASICS
The monthly fee is customized to meet your specific accounting support and compliance needs.
This is our entry-level business service package designed for those clients who want the basic compliance services with an annual strategy planning meeting and generally includes the following basic services.
Accounting support. This means year-round support in posting complicated transactions, resolving problems with the data such as correcting bank reconciliations, correcting misposted transactions and assistance in making year-end adjustments.
General bookkeeping, or originating day-to-day transactions, are outside the scope of this service level and can be arranged separately.
Compliance support. Depending on how much you prefer to do on your own, or arrange to have done by an outside service (such as a payroll service), we will prepare all annual and any applicable quarterly Federal, State, County and City tax returns and filings, including any necessary amendments to returns we’ve prepared. Adjusting entries to match the accounting records to filed returns are included. Calculation of annual salaries and year-end bonuses (only applicable to C Corporations) to optimize taxable income and payroll tax results are also included.
Representation in audits is outside the scope of this service.
Year end performance and tax planning review. We will prepare your Annual Business Performance Review, based on your current year-to-date financial statements and prior year figures, and meet with you in the 4th quarter to summarize results for the current year as a basis for improving performance going forward and to discuss any relevant and significant changes in the tax law. We will assist you in setting up your budget for the upcoming year. We will also go through an extensive year-end checklist of individual, business and financial issues to ensure that you and your business are properly covered as you move forward.
Unlimited phone calls and email support. This service is at no charge within the scope of this plan. Services outside this scope will be billed at our normal hourly rates.
LEVEL II – PART TIME CONTROLLER
The monthly fee is customized to meet your specific accounting support and compliance needs.
This is the most popular business service package for our clients who are serious about monitoring their financial situation and includes the following basic and enhanced services.
Accounting support. This means year-round support in posting complicated transactions, resolving problems with the data such as correcting bank reconciliations, correcting misposted transactions and assistance in making year-end adjustments.
General bookkeeping, or originating day-to-day transactions, are outside the scope of this service level and can be arranged separately.
Compliance support. Depending on how much you prefer to do on your own or arrange to have done by an outside service (such as a payroll service), we will prepare all annual and any applicable quarterly Federal, State, County and City tax returns and filings, including any necessary amendments to returns we’ve prepared. Adjusting entries to match the accounting records to filed returns is included. Calculation of annual salaries and year-end bonuses (only applicable to C Corporations) to optimize taxable income and payroll tax results are also included.
Representation in audits is outside the scope of this service.
Enhanced Financial Statement support. On a quarterly basis, we will assist you in closing the books for the purpose of preparing accurate Financial Statements. We will then meet with you to discuss your financial statements and the results of our key performance indicator monitoring and what these numbers mean to you and your business.
Year-end performance and tax planning review. We will prepare your Annual Business Performance Review, based on your current year-to-date financial statements and prior year figures, and meet with you in the 4th quarter to summarize results for the current year. This is a basis for improving performance going forward and we will discuss any relevant and significant changes in the tax law. You'll be assisted in setting up your budget for the upcoming year. We will also go through an extensive year-end checklist of individual, business and financial issues to ensure that you and your business are properly covered as you move forward.
Unlimited phone calls and email support. Again, there is no charge within the scope of this plan. Services outside this scope will be billed at our normal hourly rates.
Up to four hours of ad-hoc meeting time. This time is available during the year within the scope of this plan – to include advisory services relating to business acquisitions or sales.
LEVEL III – OUTSOURCED CFO
The monthly fee is customized to meet your need for desired frequency of meetings to discuss progress toward your established goals.
For those clients who want to proactively optimize the success of their business, but who can’t afford a full-time CFO, we offer this business management package to provide serious hands-on guidance, direction and support to assure that all strategic plans are implemented and monitored for maximum business success.
Accounting support. This means year-round support in posting complicated transactions, and resolving problems with the data such as correcting bank reconciliations, correcting misposted transactions and assistance in making year-end adjustments.
Compliance support. Depending on how much you prefer to do on your own or arrange to have done by an outside service (such as a payroll service), we will prepare all annual and any applicable quarterly Federal, State, County and City tax returns and filings, including any necessary amendments to returns we’ve prepared for you. Adjusting entries to match the accounting records to filed returns are included. Representation in audits is outside the scope of this service.
Annual Planning Session. A strategic plan for 12 to 60 months going forward is created and modified annually. During the meeting, or as a follow up item, we will collaborate with management to develop key performance indicators and determine which reports are necessary to monitor progress against those performance indicators.
Monthly Management Reports. On a monthly basis, we will arrange to have the reports prepared for management that address these key performance indicators.
Monthly or Quarterly Management Meetings. On a monthly or quarterly basis, specified by you, we will meet with management to discuss progress toward the established strategic plan, the most recent financial statements, key performance indicators and best practices.
Year-end performance review and tax planning session. We will meet with you in the 4th quarter to summarize results for the current year as a basis for improving performance going forward and to discuss any relevant and significant changes in the tax law. We will also go through an extensive year-end checklist of individual, business and financial issues to ensure that you and your business are properly covered as you move forward.
Unlimited phone calls and email support. This valuable assistance is at no charge within the scope of this plan.
Up to eight hours of ad-hoc meeting time. This assistance is during the year within the scope of this plan – to include advisory services relating to business acquisitions or sales.
